American market giant Depository Trust & Clearing Corporation (DTCC) has received permission from the US Securities and Exchange Commission (SEC) to tokenize shares on approved blockchains within three years. This will be handled by its subsidiary, Depository Trust Company (DTC).
Under the permit, DTC has the right to create tokenized versions of traditional securities on pre-approved blockchains. The company noted that these shares will have the same legal rights, investor protections, and ownership rights as traditional assets held by DTC.
The company will tokenize a «set of highly liquid assets,» including the Russell 1000 index, exchange-traded funds tracking major indices, U.S. Treasury bills, bonds, and notes. The service is expected to launch in the second half of 2026.
«I want to thank the Securities and Exchange Commission for their trust in us. Tokenizing the U.S. securities market can bring transformative benefits such as collateral mobility, new trading methods, 24/7 access, and programmable assets,» said DTCC CEO Frank LaSalla.
Depository Trust & Clearing Corporation is an American company that manages critical market infrastructure, providing clearing, settlement, and trading of U.S. securities.